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Debate House Prices
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Asking prices just havn't moved !?!?
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mean_momma wrote: »Sorry, neither boom nor bust could be described as normality. Normality will come when the market settles down to some sort of stability.
The bust is simply the mechanism by which we return to normality. It was never going to just "settle back down", that's an unrealistic scenario.
We have to go from one extreme to the other before we level off at hopefully a sensible sustainable level.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Back to the original post. All FTB's should remember that there will always be houses up for sale, if people didn't want to sell them then surely they should be taken down from the market. They may be lack of choice at the moment but then again sellers that simply don't want to see their houses undersold would never be able to move again which I find is highly unlikely. Despite the news on negative equity, there must only be a handful of people who bought their house 3 years ago, the majority of people who bought in the 1980's, 90's would still make a profit if they sold now or later on anyway because they would have bought them for a fraction of what they sold for in 2007. Plus, the temptation to move to a bigger house will benefit these people even more as well as FTB's as the difference between their house and the next house up the ladder will be reducing making it more affordable. A lot of friends of mine are waiting until the house prices fall before putting their home on the market. I asked them would they be disappointed if it sold for cheaper than what they paid and they said that the desire to get the home they really want to live in is more important than the price they paid. After all when we die our family just sell the house and have a huge party anyway.0
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We're planning to sell ours and have the huge party BEFORE we are in a box
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neverdespairgirl wrote: »I agree, but they are all "nice" don't you think?
They may not all be to your taste, but they are all pretty special houses, I reckon.
Yep - 'Dream' houses even, well for most of us anyway.
Unlike the 'Location X3' image of a so-so semi in a half-decent location being the 'dream house' that you had to borrow through the nose for.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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